Paval Brothers to Buy Carrefour Romania for €823M | 2024 Profits Revealed

The French retail group Carrefour has entered into exclusive negotiations to sell its Romanian operations to Pavăl Holding, the investment vehicle of the Pavăl family, owners of the Dedeman DIY retail chain, for a reported €823 million. The announcement, made Thursday, signals a significant shift in the Romanian retail landscape and is part of Carrefour’s broader strategic review initiated in early 2025.

According to a statement released by Carrefour, the deal encompasses the entirety of its Romanian operations, which include a network of 478 stores. These consist of 55 hypermarkets, 191 supermarkets, 202 convenience stores, and 30 discount stores. In 2024, Carrefour Romania generated approximately €3.2 billion in gross sales, representing around 3.5% of the Group’s total sales.

Pavăl Holding confirmed the exclusive negotiation agreement, stating that the acquisition would mark its entry into the food retail sector. The company highlighted its long-standing admiration for Carrefour’s business model, specifically its approach to offering a wide range of products under one roof, an approach that influenced Dedeman’s own development.

The transaction is subject to regulatory approvals from relevant authorities and is expected to be finalized in the second half of 2026. Carrefour stated that the sale reflects the progress of its portfolio review, which has included the acquisition of minority stakes in Carrefour Brazil and the sale of Carrefour Italy. The group intends to focus on its three main strategic markets following these transactions.

Carrefour Romania reported a profit of approximately €11 million in 2024, according to data from the Romanian Ministry of Finance, and employs more than 10,000 people. Globally, Carrefour operates 15,000 stores in over 40 countries and generated revenues of €94.6 billion in 2024.

The Pavăl family, through Pavăl Holding, has been actively diversifying its investments. Recent reports indicate the family has been reassessing investments in logistics parks, citing low returns.